London-based Colt set to close $1.8bn swoop on Nasdaq-listed tech firm October 31, 2023 London tech firm Colt is set to complete its $1.8bn swoop on a US firm in the coming days after winning regulatory sign-off for the deal, City A.M. can reveal.
7 ways to celebrate – or avoid – Valentine’s Day in London February 1, 2023 Valentine’s Day rolls around again this 14 February. We get it, it can be triggering, especially if you’ve recently been through a break up or aren’t feeling sure of what you want romantically right now. So these events are inclusive for everyone, whether you think Valentine’s Day is a commercial, exploitative waste of space or [...]
City of London Police bars former chief superintendent due to ‘gross misconduct’ May 10, 2023 City of London Police has barred a former top officer from serving again after allegations of “gross misconduct” were proven. The Square Mile’s force found former chief superintendent David Clark had breached the force’s standards of professional behaviour. Clark, who resigned in 2019, was found to have forwarded emails from his official email to a [...]
Lloyd’s of London cheers strong results despite paper loss in 2022 March 23, 2023 The centuries-old insurance marketplace Lloyd’s of London reported a significant uptick in premiums last year, though mark-to-mark accountancy rules saw it book a pre-tax £800m loss in 2022. Lloyd’s expects that loss to reverse in the coming years as interest rates boost investments and assets reach maturity. The Lime Street icon reported underwriting profits of [...]
FTSE 100 close: Wilting Chinese recovery keeps London mining giants lower July 5, 2023 London’s FTSE 100 sagged today, dragged lower by industrial firms tumbling in response to signs that China’s economic recovery is running out of steam. The capital’s premier index shed 1.03 per cent to close at 7,442.11 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
London’s wealthy put homes up for renting as mortgage rate rises bite June 28, 2023 London’s wealthy are placing their homes up for rent as they struggle to reach their ideal asking price on pads across upmarket boroughs such as Chelsea and Mayfair. Following the Bank of England’s decision to hike interest rates by 0.5 per cent, figures from estate agent Knight Frank show affluent sellers in some of London’s [...]
5 street food dishes to try in Colombia that are so tasty London should adopt them August 28, 2023 It’s not just Pablo Escobar, Comuna 13 and pretty beaches. Colombia has amazing local street food that is well worth making the trip for. There are hearty stews, interesting meats and lavish desserts. Here are some of the best street food we tried when we visited the South American country for you to try when [...]
London FTSE 250 closes out stellar week as firms rise on Bank’s interest rate hold November 3, 2023 London’s FTSE 250 has surged to its best streak all year as markets reacted positively today to the Bank of England’s decision to hold interest rates at 5.25 per cent.
Augmentum: London-listed fintech fund rides out volatility as portfolio edges upward July 4, 2023 Listed fintech fund Augmentum reported a bump in the value of its portfolio today as it shrugged off the volatility that has hammered tech and fintech firms globally over the past year.
London restaurants: Outlook ‘bleak’ as insolvencies mount across the industry February 1, 2023 London restaurateurs have described the outlook for the sector as ‘bleak’ after research has revealed that the number of hospitality businesses going bust has jumped by 65 per cent in the last year. The figures, which were released by accountancy firm Price Bailey, show that 1,880 British restaurant businesses became insolvent in 2022, compared to [...]